11:57 AM EDT, 09/27/2024 (MT Newswires) -- Fission Uranium ( FCUUF ) late on Thursday said a hearing has concluded for the final order approving Australia-listed Paladin Energy's acquisition of the company before the Supreme Court of British Columbia.

A ruling is expected in the coming weeks.

China General Nuclear Power subsidiary CGN Mining opposed the deal and sought to block it in court.

The deal remains subject to the final order and receipt of clearance under the Investment Canada Act, among other customary conditions.

The proposed acquisition was announced in July and represents a 30% premium to Fission shareholders based on the 20-day volume weighted average price at the time of announcement.

At deal closing, Paladin shareholders will own about 76% of the combined company and Fission shareholders will own the rest.

Fission shares were last seen down $0.03 to $1.00 on the Toronto Stock Exchange.

Price: 1.00, Change: -0.03, Percent Change: -2.91